WWI 7.14% 1.5¢ west wits mining limited

Ann: Change of Director's Interest Notice, page-20

  1. 1,291 Posts.
    lightbulb Created with Sketch. 1314
    They may tie up a financial funding deal or JV agreement for feed together for maximum impact. Given the recent sell-downs, I think packaging 2 of the 3 announcements together would make sense.

    Hopefully we receive more information on the early mining initiative - if they can pull in $3-4mil per quarter from the initiative at high profit (particularly given the low extraction cost given the location of the gold to be mined during this 12 month period) that will also reduce the amount needing to be borrowed until mining activities in the Shallows commence next year.

    Still thinking around 20-30,000 ounces to be mined next year, and then 40,000+ ounces in 2023 onwards to full production.
    Last edited by LJohn: 24/08/21
 
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